Difference Between CA and MBA
CA is the short form used for Chartered Accountant and students can choose to pursue this degree after high school itself and if started right after high school the course shall take 4 to 5 years on an average to complete and if opted after college then it might take 3 years for the student to grab the degree while MBA stands for Masters in Business Administration and it can be pursued after the students are done with their college and it takes a standard time of 2 years to be completed.
What’s your choice? It’s all about making the right decision; it is your career, after all. As a student from a commerce background, you would have considered the two most important fields, of course, none other than CA and MBA. My notes below can help you make this decision better. Other interesting comparisons you can checkout is MBA or CFA and CA or CFA
What is a Chartered Accountant (CA)?
CA, that is a Chartered accountant, has the proficiency of working in all business fields; for example, they can work as an auditor, work in taxation, and general management. They can manage to be a tax accountant, management accountant, financial accountant auditor, and budget analyst. This internationally recognized degree gives you the ability to work even internationally in countries like the UK, European countries, Australia, etc.
A CA can be employed by either a private sector, a public sector company, and trust me, also government bodies. To become a qualified and successful CA, the candidate must go through different levels of examinations and severe training. Skilled CAs are always in demand since the origin of this profession by all businesses. The chartered accountant’s institute keeps CA’s updated by motivating them to take up minimum levels of continuing professional development.
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What is a Masters in Business Administration (MBA)?
This internationally recognized degree helps the candidates develop the talent and knowledge required for building a career in business and management. You want to get a job in the public sector, the private or the government, or any other area an MBA degree can fetch you the same. The main course of MBA includes subjects such as economics, accounting, marketing, and operations plus other elective courses that the candidate wants to pursue their personal and professional requirements.
MBA also includes an internship program in a required company to guide them to their required job opportunities after completing their program. Reputed management institutes ask the applicants to appear for GMAT that is the Graduate Management Admission Test or the GRE that is the Graduate Record Examination.
CA vs. MBA Infographics
Exam Requirement of CA and MBA
#1 – CA Exam Requirement
- To become a professional CA, you need to appear for CPT after you clear your school or 10+2. You can also directly appear for your intermediate after you complete your graduation.
- After clearing the 1st group of the two groups that are the IPC level, the candidates need to train an article ship as an article assistant for at least 3 years in a CA firm.
- By the last year of training, just before the applicant has to appear for the final examination, the trainee also gets an option of working in an industry
- The candidate also needs to complete a 100 hrs IT training and even soft skills development before completing article ship
#2 – MBA Exam Requirement
- The candidate needs to clear the GMAT and GRE test before seeking admission into a reputed MBA institute
- 2 years of core MBA program needs to be followed after graduation to become an MBA graduate
- An internship with a company or an organization adds value to the candidate’s profile and helps seek relevant jobs.
- Some business schools select candidates with professional experience to start their MBA program.
|Certification organized by||The Institution of Chartered Accountant of India (ICAI) organizes CA||There are a number of institutes that offer MBA program. However selected MBA institutes need to be studied and applied for|
|Number of levels that need to be cleared||To clear CA 3 levels need to be cleared that takes about 4 years and more to clear successfully, these levels are CPT, IPCC and the finals. CPT is a course of 2 years, IPCC is 1 year and so are the finals||MBA is a 2 year course flowed by an internship program that gives the candidate exposure to the job they will pursue in future.|
|Duration of exams||Each exam at each of the levels is of 3 hour duration. It takes at least 4 years to complete CA including all of the three exam levels.||MBA is a 2 year program|
|Exam window||CA and IPCC Final Exams will be start from 2nd May 2017 to 16th May 2017.||Different institutes have different exam windows for MBA. No specific information is available.|
|Focus subjects||CA focuses on business environment and concepts, financial accounting and reporting, audit and attestation and regulations.||MBA focuses on economics, accounting, operations and marketing along with a specialization that is chosen by the candidate as per preference|
|Passing percentage||Unlike any other professional courses, CA is very tough nut to crack. Only 5.75% of students could clear the exam in 2015|
The Pass Percentage of Nov 2016 Exam is 32.53% (Both Groups)
|MBA Exam pass percentage is 50%|
|Fees structure||CA fee is approximately $ 900 - $1000 including registration and examination||MBA fee differs from institute to institute|
|Job titles||CA: Public accounting, management accounting, government accounting and internal auditing||MBA: Managers, leaders, operations and sales heads, etc.|
Why Pursue CA?
CA gives you the leeway of working in different industries and at other designations, which means you can choose what you would like to be after you complete your CA. the choice is yours if you want, you can set up your firm join an organization as a CA. There is a lot of demand for CA’s in the Manufacturing and the finance industry. They can work as auditors and increase the company’s profitability and not only stick to number crunching and working on excel sheets or numbers alone. They can do much more than being good with numbers. They can work with Equity Research firms, perform financial modeling and valuations.
Why Pursue an MBA?
MBA gives additional value to your existing profession. This can be the best course for candidates wanting to sharpen their business and management skills. An MBA degree is internationally recognized as it trains you in economics, accounts operations, and marketing. Besides, you can also choose your field of interest to pursue your MBA specialization. The internship part of the course gives the candidate exposure to the corporate world and the culture they need to work and live in.
CA vs. MBA, this decision is for you to make after understanding your strengths, interest, and direction you intend to give your career. I hope with the above information. You will be able to do so. All the very best :-)
This has been a guide to CA vs. MBA. Here we discuss the top differences between CA and MBA professions along with their exam requirement. Do we also discuss why to purse them? You may also have a look at the following articles –